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Bitcoin predicted to plunge as low as $4000


Bitcoin is one of the most popular digital currencies in the world that fluctuate heavily. Cryptocurrency analysts have been able to chalk out the market of this turmoil. The bitcoin has seen heavy loss in 2018 but the year 2019 is predicted to be the year when it gains momentum. Tech Analyst and founder of TradingAnalysis, Todd Gordon, predicted that Bitcoin will shoot as $10,000 by 2019, and will also plunge as $4,000 in the coming months. During an interview at the CNBC, Todd predicted a bitcoin rebound by 2019. He told CNBC that this is a “trading market”, where playing both the short and long-term will pay off, according to the Live Bitcoin News.

Gordon also said during the interview that Bitcoin might go as low as $4,000, which is the lowest ever predicted by an analyst. Gordon is not the only one speaking about the prices Bitcoin will hit in the coming months. CEO of market strategy and sector research Fundstrat, Tom Lee believes it will hit $25,000 in 2022.

Last week, CEO of The Blackmore Group, a real estate investment house, Phillip Nunn, predicted the value of Bitcoin to go as high as $60,000 by the end of this year. He is not the only one to come forward with such far-fetched predictions since the downfall of Bitcoin. Many other CEO’s and businessmen have claimed that the value of Bitcoin will gradually increase over some time in the next few months and will show unexpectedly high market by either the end of 2018 or the beginning of 2019. Todd, on the other hand, has predicted the lowest value that Bitcoin might be able to hit by the end of this year and the beginning of the next.

Bitcoin has fallen in value over this year and with this stream of downfall in value, it is expected to go as low as $5,947 by February 2019.

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